Refunds of overpaid GST

Tax Laws Amendment (2014 Measures No. 1) Bill 2014 -Refunding excess GST received royal assent on 30 May 2014.

The amendment clarifies the circumstances in which taxpayers are entitled to refunds of overpaid GST by replacing section 105-65 of Schedule 1 to the Taxation Administration Act 1953 (TAA) with Division 142 of the A New Tax System (Goods and Services Tax) Act 1999.

The changes apply to tax periods commencing on or after 31 May 2014.

Legislation and supporting material

The following legislation received royal assent on 30 May 2014;

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Refunds-of-overpaid-GST - Overview

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    Last modified: 12 Jun 2014QC 27334